On November 20, 2023, Marpai Inc (NASDAQ: MRAI) opened at $0.98, lower -5.97% from the last session. During the day, the shares moved up to $0.98 and dropped to $0.8801 before settling in for the closing price of $0.97. Price fluctuations for MRAI have ranged from $0.33 to $13.60 over the past 52 weeks.
A company in the Healthcare sector has jumped its sales by 23.70% annually for the last half of the decade. With a float of $5.27 million, this company’s outstanding shares have now reached $5.32 million.
In an organization with 303 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +15.07, operating margin of -109.62, and the pretax margin is -110.88.
Marpai Inc (MRAI) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Healthcare Plans industry is another important factor to consider. The insider ownership of Marpai Inc is 32.47%, while institutional ownership is 5.95%. The most recent insider transaction that took place on Nov 17, was worth 123,000. In this transaction Director of this company bought 100,000 shares at a rate of $1.23, taking the stock ownership to the 341,454 shares. Before that another transaction happened on Sep 11, when Company’s Chief Executive Officer bought 42,000 for $0.77, making the entire transaction worth $32,340. This insider now owns 264,047 shares in total.
Marpai Inc (MRAI) Latest Financial update
If we go through the results of last quarter, which was made public on 6/29/2023, the company posted -$1 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$1.28) by $0.28. This company achieved a net margin of -108.74 while generating a return on equity of -147.69. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Marpai Inc (NASDAQ: MRAI) Trading Performance Indicators
Check out the current performance indicators for Marpai Inc (MRAI). In the past quarter, the stock posted a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.40
Technical Analysis of Marpai Inc (MRAI)
Let’s dig in a bit further. During the last 5-days, its volume was 7.35 million. That was better than the volume of 0.61 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 47.89%. Additionally, its Average True Range was 0.17.
During the past 100 days, Marpai Inc’s (MRAI) raw stochastic average was set at 28.71%, which indicates a significant decrease from 44.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 310.53% in the past 14 days, which was higher than the 152.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6133, while its 200-day Moving Average is $2.1157. However, in the short run, Marpai Inc’s stock first resistance to watch stands at $0.9666. Second resistance stands at $1.0233. The third major resistance level sits at $1.0665. If the price goes on to break the first support level at $0.8667, it is likely to go to the next support level at $0.8235. The third support level lies at $0.7668 if the price breaches the second support level.
Marpai Inc (NASDAQ: MRAI) Key Stats
There are currently 7,811K shares outstanding in the company with a market cap of 7.11 million. Presently, the company’s annual sales total 24,340 K according to its annual income of -26,470 K. Last quarter, the company’s sales amounted to 10,050 K and its income totaled -7,560 K.